Daily Pivots: (S1) 0.9108; (P) 0.9138; (R1) 0.9158; EUR/GBP drops sharply to as low as 0.9024 so far today. The break of 0.9067 support, as well as 55 day EMA, raises the chance that rebound from 0.8670 has completed. Intraday bias is turned back to the downside for 0.8866 support for confirmation.

Daily Pivots: (S1) 106.54; (P) 106.78; (R1) 107.12; Intraday bias in USD/JPY remain son the upside for the moment and outlook is unchanged. Corrective fall from 111.71 should have completed with three waves down to 104.18, after missing 100% projection of 111.71 to 105.98 from 109.85 at 104.12. Furt

FX Strategists at UOB Group noted EUR/USD could test 1.1635 if the 1.1600 barrier is cleared in the near-term. Key Quotes 24-hour view: “Our expectation from yesterday was that EUR ‘is still strong and could advance towards 1.1570 but the odds for a break of 1.1600 today are not high’. Our view was

Vaccine optimism boosted risk appetite, lifting Asian markets overnight and putting European bourses on track for a stronger start. Upbeat UK inflation data has added to the risk on tone. Meanwhile, elevated US – Chinese tensions are broadly being shrugged off. Risk sentiment has soared after Modern

Photo: Bloomberg The Monetary Authority of Singapore (MAS) announced this Monday, alongside Temasek, in a joint report that it has developed a payments network based on blockchain for international settlements. In particular, the report marks the successful conclusion of the fifth and final phase

The BOJ monetary policy statement will be announced on Wednesday 15 July the Bank's quarterly outlook will be published also  There is no scheduled time but its likely some time in the 0230 to 0330 GMT window Bank of Japan Governor Kuroda press conference will follow at 0630GMT A snippet from MUFG

“By the Law of Periodical Repetition, everything which has happened once must happen again, and again, and again -- and not capriciously, but at regular periods, and each thing in its own period, not another’s, and each obeying its own law … The same Nature which delights in periodical repetition in

Market Review - 12/06/2020  00:00GMT   Dollar rallies broadly on safe-haven demand after plunge in U.S. stocks The greenback snapped its recent recent losing streak and rallied across the board except versus yen as plunge in U.S. stocks (Dow closed down 6.9% at 25128) triggered active safe-haven us